By John Lee.
The Chairman of the state-owned Trade Bank of Iraq (TBI) has been chosen as the new head of the Iraq Securities Commission (ISC).
Faisal Al-Haimus (pictured) will take over from Dr. Alaa Abdulhussein Al-Saeidi as Chairman of the regulator.
Grant Felgenhauer, Managing Partner at Euphrates Advisors, an investor on the Iraq Stock Exchange, commented on the appointment:
"[This is] good news. Faisal is a veteran international banker and understands markets and the importance of capital formation to a local economy. This is a very positive development for Iraq's capital markets and the Iraq Stock Exchange."